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International Update Volume 48, Issue 30

UN AGENCY ADOPTS BAN ON HIGH-SULFUR FUEL ON SHIPS

On October 26, the International Maritime Organization (IMO) adopted a ban prohibiting ships from using fuels with a sulfur content above 0.5 percent beginning in 2020, unless they are equipped with scrubbers to clean up the sulfur emissions. Ships that violate the ban will face fines or risk of impoundment by IMO member states. For the full story, see https://uk.reuters.com/article/us-shipping-fuel-imo/u-n-agency-tightens-....

CANADA IMPOSES CARBON TAX ON FOUR PROVINCES

Canada

On October 23, Canada's Prime Minister, Justin Trudeau, announced a plan to tax industrial emitters and fuels in Ontario, Saskatchewan, Manitoba, and New Brunswick. The fuel surcharge is expected to raise about 2.3 billion Canadian dollars in revenue next year, much of which will be sent out as benefits to individuals. The tax on large industrial emitters will begin in January, and the fuel tax will take effect in April. For the full story, see https://www.eenews.net/climatewire/2018/10/25/stories/1060104259.

AUSTRALIA PROPOSES NEW WATER INFRASTRUCTURE FUND

Australia

The Australian government has proposed a A$3.9 billion fund for water infrastructure and drought-related projects in an effort to buffer farming communities from future droughts. The fund is designed to surpass immediate relief and aid the agriculture sector long-term with water infrastructure, projects, and research. If approved, the fund would provide A$100 million a year to farming communities to invest in projects. For the full story, see https://uk.reuters.com/article/us-australia-drought-funding/australia-pl....